Eldorado Gold (TSE:ELD – Free Report) (NYSE:EGO) had its price target boosted by Canaccord Genuity Group from C$19.00 to C$23.00 in a research report sent to investors on Tuesday morning, BayStreet.CA reports.
Other equities research analysts also recently issued research reports about the company. National Bankshares cut their price objective on Eldorado Gold from C$21.00 to C$19.00 and set an outperform rating on the stock in a report on Monday, February 26th. Bank of America boosted their price objective on Eldorado Gold from C$13.40 to C$16.80 in a report on Tuesday, April 9th. Stifel Canada downgraded Eldorado Gold from a buy rating to a hold rating in a report on Friday, January 26th. National Bank Financial restated an outperform spec overweight rating on shares of Eldorado Gold in a report on Monday, April 8th. Finally, Stifel Nicolaus upped their price target on Eldorado Gold from C$17.25 to C$19.50 in a report on Friday, April 19th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Eldorado Gold has an average rating of Hold and an average target price of C$19.97.
View Our Latest Analysis on Eldorado Gold
Eldorado Gold Price Performance
Eldorado Gold (TSE:ELD – Get Free Report) (NYSE:EGO) last posted its quarterly earnings data on Thursday, February 22nd. The company reported C$0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.28 by C$0.05. The firm had revenue of C$417.85 million for the quarter. Eldorado Gold had a return on equity of 3.15% and a net margin of 10.37%. On average, sell-side analysts anticipate that Eldorado Gold will post 0.9818008 EPS for the current year.
Insiders Place Their Bets
In other news, Director George Raymond Burns sold 13,434 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of C$14.87, for a total transaction of C$199,806.57. In related news, Director George Raymond Burns sold 13,434 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of C$14.87, for a total value of C$199,806.57. Also, Senior Officer Mehmet Yilmaz sold 10,000 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of C$16.62, for a total value of C$166,225.00. Insiders have sold a total of 41,338 shares of company stock worth $684,168 in the last quarter. 0.69% of the stock is owned by company insiders.
About Eldorado Gold
Eldorado Gold Corporation, together with its subsidiaries, engages in the mining, exploration, development, and sale of mineral products primarily in Turkey, Canada, Greece, and Romania. The company primarily produces gold, as well as silver, lead, and zinc. It holds a 100% interest in the Kisladag and Efemçukuru mines located in Turkey; Lamaque complex located in Canada; and Olympias, Stratoni, Skouries, Perama Hill, and Sapes gold mines located in Greece, as well as the 80.5% interest in Certej development projects located in Romania.
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